According to a survey conducted by HDFC Life ValueNotes, the Indian urban consumers’, between the age group of 20 and 30 years, sense of financial sufficiency, liberty and adequacy appears to be marginally over-estimated, given their low financial planning score and poor awareness levels. A significant percentage of respondents said they rely on advice from friends/ relatives while chalking out their financial plans. Youngsters in India are most worried about health expenses while planning their finances followed by child’s education.
Also See | Are young Indians managing finances well? ( PDF )